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Assume that you want to purchase 4 round lot shares of GP. The current share price of GP is $56. Your initial margin is 65%. Maintenance margin is 27%. GP pays half yearly dividend of $1 per share. For the borrowed amount you have to pay interest of 7% per annum. After 3 month you want to sell the shares for $62.
Calculate total dividend amount for a quarter.
$200 ? $800
Calculate interest amount (approximate) for a quarter.
O $27.489 $523.6
Calculate the return on investment amount (approximate) for a quarter.
Calculate the return on investment amount (approximate) for a nine months.